Page 2 - Liability Management Framework News Today

Calgary, Alberta, Aug. 28, 2023 (GLOBE NEWSWIRE) -- The AER today announced the industry-wide closure spend requirement for 2024 will remain at $700...

Alberta's government received expert advice on a plan which could see incentives for oil companies if they clean up their old oil wells, but the report won't be released publicly.

Premier Danielle Smith has issued a mandate letter to Minister of Energy and Minerals Brian Jean calling on him to continue to support further development of Alberta’s energy resources.

Energy industry proposal would give companies royalty break in return for well cleanup

Alberta has recently initiated legislative and regulatory changes to take advantage of worldwide demand for metals and critical minerals that are…

In 2021, there were a number of key environmental law developments across Canada with potential impacts on the power sector. Highlights include the…

To embed, copy and paste the code into your website or blog: The issue of end-of-life liabilities for oil and gas facilities has been one of growing concern in Alberta, as in recent years there has been a marked increase in the province’s inventory of inactive and orphan wells. In early 2020, the Government of Alberta announced that it was considering a number of changes to the liability framework to address both historical issues, current operations and future processes to help stem the flow...

Amendments to the Oil and Gas Conservation Rules and Pipeline Rules to advance the Government of Albertas new Liability Management Framework and address Albertas inventory of abandoned wells, facilities and pipelines came into effect on December 3, 2020.  As we noted in our April 2020 blog on Albertas approach to liability management, earlier amendments to the Oil and Gas Conservation Act and Pipeline Act received Royal Assent on April 2, 2020, and were  implemented in part to address grow...